The Effectiveness And Challenges Of The Cbn Cashless Policy On Rural Business Development

(A CASE STUDY OF ZENITH BANK PLC) CHAPTER 1INTRODUCTION 1.1 Background of the Study The financial system of any economy is responsible for mobilizing savings for productive investments and ensuring efficient resource allocation. Banks have traditionally played an active role in this regard. A large volume of literatures such as those of Ajayi (2006), Adegbaju and Olokoyo (2008), and Babalola (2008) have documented the contribution of banks to socioeconomic development of nations. In recognition of this, various financial policy reforms targeting the banking sector have been pursued in Nigeria…